Sunday, 27 March 2011

Emirates repays $500 mln bond, on track for record year - Maktoob News

Emirates, one of the Arab world's largest carriers, said on Sunday that it had repaid a $500 million bond that was due this month and it is on course for a "record breaking" financial year.

The bond, listed on the Luxembourg Stock Exchange, was originally issued in 2004 with a seven year term.

"The repayment of this bond is part of Emirates overall financing strategy," the airline's chairman and chief executive Sheikh Ahmed bin Saeed al-Maktoum said in a statement.

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